“Old Age” tax?

I just got my first paycheck for the semester and it was less than I anticipated so I looked at the paystub. Right there, the fourth box under taxes, says “FICA Old Age.” Way to slam a gal when she’s down! I don’t know how long I’ve been paying this tax (hey, I wasn’t so worried about my additional income a few months ago) but now it’s taking a bite that I’m finding hard to swallow.

Couldn’t they find a different name for it? Like the “Experienced” tax? Or the “Better than ever” tax? Or the “Gonna live forever” tax? I think I need to look into this.

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Published by Mary Schulte

Owner of a photography business based in Kansas City that delivers storytelling images for small businesses, non-profits and Life Seniors. Adjunct professor at Johnson County Community College.
View all posts by Mary Schulte